Canon Announces imageCLASS 2300 Series; Enhanced Features on Standalone and Network Version for Outstanding Workgroup Performance.

Business Editors/High-Tech Writers

LAKE SUCCESS, N.Y.--(BUSINESS WIRE)--April 24, 2003

Canon U.S.A., Inc., a subsidiary of Canon Inc. (NYSE: CAJ) today introduces two Digital Multifunction Imaging Systems, the imageCLASS 2300 and imageCLASS 2300N models. The imageCLASS 2300 provides a perfect workgroup solution with copy and fax capabilities while the imageCLASS 2300N adds network functionality for printing, scanning and PC faxing. Copy and print speeds have both increased to provide the busiest office environments with a highly productive and efficient solution to get the job done.

Canon designed the units to serve office workgroups and small business enterprises. With speeds of 20 copies per minute in letter size and with Super G3 fax(1) functions, the imageCLASS 2300 delivers as a multi-tasking device. Other features include a 50-sheet Automatic Document Feeder, 11x17 inch copy capability and two 250 sheet front-loading paper cassettes. In addition to the productivity features, Canon has designed the imageCLASS 2300 and 2300N to use the Canon Single Cartridge System. This system, by using one cartridge containing both toner and drum unit, is user replaceable. This cartridge is included with the unit and has an approximate yield of 10,000 pages (based on a 5% density original).

The imageCLASS 2300N (Network model), adds the ability to perform network printing with both PCL5e and PCL6 support. Internet fax capabilities allow Network model users to scan documents and attach them to e-mail as a PDF file and send directly from the machine. This model will also allow for PC faxing right from the individual PC workstations to and through the unit.

"The new imageCLASS 2300 and 2300N models offer significant productivity advantages to general office and small business users who want greater performance from their multifunction device," said Tod Pike, senior vice president, Sales and Marketing, Canon U.S.A. Imaging Systems Group. "From higher engine speeds to greater document handling and software capabilities, the imageCLASS 2300 and 2300N represent an excellent overall value proposition in today's SOHO marketplace."

The set-up and day-to-day functions on both machines is accessed directly on the unit or through a Remote UI with the network version. Using any Internet browser and the IP address assigned to the unit, several functions can be accessed including device management such as a status monitor and device settings; job management such as edit print jobs, view the print/internet fax/send logs; network and printer device setting and address book for fax and e-mail addresses.

The imageCLASS 2300N is compatible with Windows(R) and can connect for direct printing via USB or parallel interfaces, or for shared network printing via 10/100 BaseT Ethernet connection.

A standard one-year limited warranty with on-site service and toll-free telephone support provides comprehensive support. The imageCLASS 2300 is expected to sell for $2,995.99 while the imageCLASS 2300N is expected to sell for $3,995.99. Both models will ship in May 2003 and will be available through office super stores and other retailers.

Canon U.S.A., Inc. delivers consumer, business-to-business, and industrial imaging solutions. The Company is listed as one of Fortune's Most Admired Companies in America, and is ranked #41 on the Business Week list of "Top 100 Brands." Its parent company Canon Inc. (NYSE:CAJ) is a top patent-holder of technology, ranking second overall in the U.S. in 2002, with global revenues of $24.5 billion. Canon U.S.A. employs approximately 11,000 people at over 30 locations. For more information, visit www.usa.canon.com.

Specifications subject to change without notice. All referenced product names, and other marks, are trademarks of their respective owners. Prices are MSRP at time materials were created. Prices subject to change at any time. Actual prices are determined by individual dealers and may vary.

(1) Super G3 capability (33.6 modem speed) available when transmitting to another v.34 fax machine, and currently available only with DSL. The Public Switched Telephone Network (PSTN) currently supports modem speeds of 28.8 kbps or lower, depending on telephone line conditions.